India seafood exporters hit by freight rate hikes

Seafood exporters are upset over the unilateral increase in reefer container freight rates by shipping lines. They allege that lines have imposed an across-the-board hike of USD 1500 a container, irrespective of the size of the container and destination.

The Seafood Exporters Association of India said that the increase in rates may affect exports as exporters may not be able to pass on the higher freight bill to the buyers.

The association had taken up the issue at the Board of Trade Meeting convened by the Commerce Ministry in New Delhi on March 22 where the officials from the Shipping Ministry were present.

Click here to read the full story from The Hindu Business Line >

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